Non-alcoholic Spirits Market Set for Growth as Lifestyle Changes Drive Demand for Low-Alcohol Beverages
Non-alcoholic Spirits Market size was valued at USD 561.92 Million in 2023 and the total Non-alcoholic Spirits revenue is expected to grow at a CAGR of 4.35% from 2024 to 2030, reaching nearly USD 757.05 Million.
Non-alcoholic Spirits Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Non-alcoholic Spirits Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Non-alcoholic Spirits market by thorough analysis, and projections are made up to 2030.
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Non-alcoholic Spirits Market Scope and Methodology:
The Non-alcoholic Spirits market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Non-alcoholic Spirits market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Non-alcoholic Spirits market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Non-alcoholic Spirits market were developed. The study provides a thorough value chain analysis that clarifies the Non-alcoholic Spirits production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Non-alcoholic Spirits market on a global and micro level.
Non-alcoholic Spirits Market Segmentation:
by Type
Gin
Rum
Vodka
Tequila
Whiskey
Others
In 2023, the worldwide non-alcoholic spirits market was dominated by the Gin segment, which had the biggest market share of 36%. Throughout the projection period, the segment is anticipated to expand at a CAGR of 4.25%. Popular non-alcoholic gins that mirror the aromatic characteristics of traditional gins have gained appeal. Gin is a popular alcoholic spirit recognized for its botanical qualities. Often made with botanicals like citrus, juniper, and coriander, these non-alcoholic gins have a well-known and unique flavor profile. Health and wellness concerns, the mindful drinking movement, taste and flavor profiles that resemble traditional gin, variety in cocktails, inclusivity for social events, and innovation in the beverage business are just a few of the reasons why non-alcoholic gin has become more and more popular.
by Distribution Channel
Offline
Food Retails & Shops
Food Services
Restaurants and Bars
Online
by Category
Conventional
Organic
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Non-alcoholic Spirits Market Key Players:
North America
1. Curious Elixirs
2. Monday
3. Ghia
4. hiyo
5. Kin Euphorics
6. Parch
7. Proposition
8. Ritual Zero Proof
9. Athletic Brewing Co.
10. Partake Brewing
11. Two Roots Brewing
12. Wellbeing Brewing Company
13. Surely
14. TOST
15. The Free Spirits Company
16. Surreal Brewing
Europe
17. Lyre's
18. Le Petit Beret
19. Thomson & Scott Noughty
20. Three Spirits
21. Talonmore
APAC
22. Monceau
23. Naked Life Non Alcoholic Sprits
24. Hector Bevereges PVT LTD
25. Monday Distillery
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Non-alcoholic Spirits Market Regional Insights :
The size and trends in the Non-alcoholic Spirits market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Non-alcoholic Spirits Market are:
- What is Non-alcoholic Spirits?
- What was the Non-alcoholic Spirits market size in 2023?
- Which are the factors expected to drive the Non-alcoholic Spirits market growth?
- Who are the leading companies and what are their portfolios in Non-alcoholic Spirits Market?
- What growth strategies are the players considering to increase their presence in Non-alcoholic Spirits?
- What are the upcoming industry applications and trends for the Non-alcoholic Spirits Market?
- What will be the CAGR at which the Non-alcoholic Spirits market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Non-alcoholic Spirits Market?
- What are the different segments of the Non-alcoholic Spirits Market?
- What is the growth rate of the Non-alcoholic Spirits Market?
- What segments are covered in the Non-alcoholic Spirits Market?
- Who are the key players in the Non-alcoholic Spirits market?
- What are the key challenges and opportunities in the Non-alcoholic Spirits market?
- Which application holds the highest potential in the Non-alcoholic Spirits market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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